BankThink

U.S. Century in Miami will need new chairman after latest Labor Secretary nomination

02/16/17

Alex Acosta played an instrumental role helping the bank raise capital and emerge from a 2011 regulatory order.

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How banks want to reshape anti-money-laundering regime

02/16/17

The financial industry has been bracing for the Trump administration’s planned revisions to Dodd-Frank, but banks are taking aim at another, potentially even more consequential regulatory framework: the rules and procedures around curbing money laundering and financial support of terrorism.

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Judge to rule soon on temporary Choke Point halt

02/16/17

U.S. District Judge Gladys Kessler is set to rule next week on whether to halt the Justice Department's quest to force banks to cut ties to industries it considers to be at high risk for criminal activity.

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OnDeck’s mounting losses prompt cuts, questions about credit model

02/16/17

After recording a $35.9 million quarterly loss, the online small-business lender said that it plans to reduce its annual expenses by $20 million, cut 11% of its staff and more than double its loan-loss provision from a year earlier.

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JPM teams with fintech to deliver digital mortgage platform

02/16/17

JPMorgan Chase has partnered with the fintech firm Roostify to build a digital self-service mortgage platform.

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Appeals court makes key move in CFPB constitutionality case

02/16/17

A federal appeals court agreed Thursday to hear an appeal by the Consumer Financial Protection Bureau challenging a ruling last year that its single-director structure is unconstitutional, a victory for the embattled agency.

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Slow growth in wealth management forcing small banks to make tough choices

02/16/17

Some banks are looking to hire advisers or buy firms, while others are looking to get out of the business entirely.

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Money isn't everything, says SoFi's Joanne Bradford; TSB chief Helen Rose recommends boldness

02/16/17

Bank of America's Michelle Moore explains the role of design in the bank’s app's success; SoFi's Joanne Bradford claims money isn't the most important thing in taking a new job; TSB's Helen Rise urges women to be bolder.

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OCC fintech charter: Something Ds and Rs can both love

02/16/17

At a time of dangerous political division, the plan to grant federal charters to financial technology firms can address policy goals favored by both parties.

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Banks begin using Swift's upgraded cross-border payments platform

02/16/17

A dozen global transaction banks are now using the Society for Worldwide Interbank Financial Telecommunication's new global payments initiative service to improve cross-border payment delivery.

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